You're kind'a late to the game man.
Bitcoin had/has the right idea behind it, but of course, like any other brilliant idea executed by humans, it lost its purity. It's a good example of why capitalism turns into crony-capitalism and communism turns into, well, shit.
Aside from the dirty players involved in Bitcoin who have already stolen quite a bit of money by making false claims, there's already a body of banks/governments who are on the lookout for Bitcoin to get bigger than it should be. If that happens, you'll see Bitcoin turn into another fiat currency regulated by the same entities that run the current banking system.
Bitcoin and any similar project that rises to fame will be slaughtered to make an example. The banking system simply does not tolerate shit like this.
Having said all that, I was quite shocked to see Bitcoin ATMs in my neighborhood a few weeks ago!!!
Bitcoin had/has the right idea behind it, but of course, like any other brilliant idea executed by humans, it lost its purity. It's a good example of why capitalism turns into crony-capitalism and communism turns into, well, shit.
Aside from the dirty players involved in Bitcoin who have already stolen quite a bit of money by making false claims, there's already a body of banks/governments who are on the lookout for Bitcoin to get bigger than it should be. If that happens, you'll see Bitcoin turn into another fiat currency regulated by the same entities that run the current banking system.
Bitcoin and any similar project that rises to fame will be slaughtered to make an example. The banking system simply does not tolerate shit like this.
Having said all that, I was quite shocked to see Bitcoin ATMs in my neighborhood a few weeks ago!!!
The Technology might eventually become a good competitor for VISA and Mastercard in Transactions arena.
but I doubt it can become a replacement for gold Bugs.
The idea is basically kind of like gold. there is a limited supply people should dedicate processing power to discover (mine) these potential bitcoins.
I really doubt central banks will allow non-physical ways of having anonymous transactions.
because if this idea takes hold then it will be very difficult to enforce a taxation regime let alone policing the under ground economy.
but I doubt it can become a replacement for gold Bugs.
The idea is basically kind of like gold. there is a limited supply people should dedicate processing power to discover (mine) these potential bitcoins.
I really doubt central banks will allow non-physical ways of having anonymous transactions.
because if this idea takes hold then it will be very difficult to enforce a taxation regime let alone policing the under ground economy.